Dec 26, 2020 in BlockChain
Q: What is the difference between Proof-of-Stake(PoS) and Proof-of-Work(PoW)?

1 Answer

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Dec 26, 2020

The difference between the two most popular consensus algorithm, PoW, and PoS, is how they operate. PoW is energy-hungry whereas PoS isn’t. Other key differences include the need for huge computation power in PoW compared to no or less computation power in PoS. PoS is also cost-effective and offers faster completion time when compared to PoW.

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